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Financial Issues This forum is for discussing any of the financial issues involved in your divorce.

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Old 04-21-2006, 09:34 AM
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Default Seperation date significance and finances?

OK, my spouse and I have agreed that our seperation date would be Dec 1 2005.

How does the accumulation of assets/debts AFTER this agreed upon date play into the equation during the equalization process?

Hubby
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Old 04-21-2006, 10:37 AM
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Hubby... My understanding is that December 1, 2005 would be your valuation date for equalization purposes. Anything incurred debt wise or assets acquired after that date would not be factored into the evaluation for equalization purposes. The concern I would have is that finances not be eroded to the point of not having the resources to equalize......Amber.
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Old 04-21-2006, 12:45 PM
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Thanks Amber ... just needed some confirmation of sorts.

Now the question is ... do I go ahead and get a lawyer involved to start the equalization process and how does one go about doing it?

Anyone know what type of information a lawyer will need to perform this process ... form 13, tax statements, other documents???

Thanks

Hubby
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Old 09-20-2006, 09:34 AM
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